PETALING JAYA: Eastern & Oriental Bhd (E&O) saw RM318.4mil erased from its market capitalisation as investors were unreceptive towards its cash call despite some analysts saying the move would put the group on a stronger footing.

PETALING JAYA: Econpile Holdings Bhd has been awarded a RM209.3mil contract for basement and sub-structure works at the Pavilion Damansara Heights parcel two mixed-development at Jalan Damanlela, Kuala Lumpur.

BEIJING: Growth in China’s tourism revenue fell to its lowest level last year since the global financial crisis a decade ago, official data showed, highlighting growing risk in a fast-growing sector as Chinese consumers became more cautious.

SYDNEY: Australian home loans slid sharply in December in a sign the downturn in the country’s once booming property market has further to run, creating more challenges for policymakers worried about the wider economic impact of a housing slump.

KUALA LUMPUR: Australian-listed Lendlease and TRX City Sdn Bhd (TRXC) have secured a RM2.15bil financing facility for its Lifestyle Quarter joint-venture (JV) development at the Tun Razak Exchange (TRX), a project that has come under scrutiny due to its association with scandal-ridden 1Malaysia Development Bhd (1MDB).

KUALA LUMPUR: Shares of UOA Development Bhd slipped to a low of RM2.32 on Tuesday after its two units were slapped with additional income tax and penalties totalling RM39.61mil while the company as it has filed an appeal.